Research and development, refers to innovative activities undertaken by corporations or governments. Therefore, it aim is to develop new services or products, or improve existing services or products. R&D, R+D, or R’n’D, is known in Europe as research and technological development (RTD). Moreover, research and development constitutes the first stage of development of a potential new service or the production process.
The infographic presents a comparison of sum expenses incurred for development and investments between a fictitious G9 group and the rest of the world. G9 group is the G7 group but with Russia and China included.
The original G7 group is an informal association. Therefore, it gathers with the highest level of development and importance for the international economy.
In our analysis, we added China and Russia to this group as countries that do not actually belong to the G7. But their importance for the global economy is indisputable.
G9 spends 78% of the total funds on R&D! That is 7,71B USD!
While other countries spend 2,12B USD on R&D activities.
Take a look at full visualization on Tableau Public profile.
Visualization on Tableau Public:
- Data source: UNESCO.
- Originally visualization was prepared for MakeOverMonday event.
- Tools I used: Tableau Desktop and Tableau Prep.